NEW YORK — Two former JPMorgan Chase & Co employees are facing criminal charges related to the trading scandal that cost the bank US$6.2-billion last year, but the trader who earned the nickname “the London Whale” and was at first most closely tied to the scandal is not one of them.
In fact, Bruno Iksil, who is cooperating with federal prosecutors, pushed back against the efforts of his former colleagues Javier Martin-Artajo and Julien Grout to hide the mounting losses, according to court filings.

JPMorgan Chase & Co has agreed to pay $150 million to resolve a securities fraud lawsuit by investors suing the bank over its "London Whale" trading scandal, which caused a $6.2 billion loss. The lawsuit stemmed from oversight by JPMorgan's Chief Investment Office of a synthetic credit portfolio that caused the $6.2 billion loss and was linked to traders in the bank's London office including Bruno Iksil, the so-called London Whale.